Global X Standard Deviation
| ENCC Etf | | | 12.24 0.07 0.58% |
Global X standard deviation lookup summarizes this and related technical indicators for Global X Canadian. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Use
Investing Opportunities to better understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Global X Canadian in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Global X Canadian has current Standard Deviation of 0.9773. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard Deviation | = | SQRT(V) |
| = | 0.9773 | |
Global X Standard Deviation Peers Comparison
Global Standard Deviation Relative To Other Indicators
Global X Canadian lands at
#4 in standard deviation against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
3.64 in Maximum Drawdown for each unit of Standard Deviation. The spread between Maximum Drawdown and Standard Deviation for Global X Canadian sits at
3.64 Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.